Economy & Markets
The important economic and stock market news that advisors need to know.
EU Group Calls for Firewall on Risky Investment Banking
By Marlene Y. SatterAn EU advisory group said that the risks of investment banking should be separated from retail banking activities as a means of protecting depositors and taxpayers.
October 01, 2012
QE3: 5 Things to KnowThe previous rounds of quantitative easing involved the purchase of Treasuries, but not this time. So how will QE3 affect the economy?
October 01, 2012
Euro zone joblessness risks “economic disaster”European leaders are dealing with an unemployment rate President Barack Obama wouldn't even want.
October 01, 2012
What Mr. Bernanke Got Right—Searching for Alpha for October 2012On inflation, the Fed chairmans assumptions have proven correct, and stocks may well benefit in the fourth quarter.
October 01, 2012
London Is Bleeding BankersThird-quarter drops in revenue and profits have reportedly cost the City of London 9,000 jobs in the financial services sector, according to a survey by a business lobby group.
October 01, 2012
Greece’s Budget to Frontload CutsA government official has said that the Greek draft budget frontloads cuts to return the country to a surplus in 2013, but at the cost of shrinking its economy for a sixth straight year.
October 01, 2012
Eurozone Data Indicate ‘New Recession’: MarkitFactories saw demand fall and countries saw unemployment rise from July through September as Markit Economics said the activityor, rather, lack of itindicated a new recession.
October 01, 2012
Matalin and Carville Trade Barbs Over Election at FPA ConferenceI think hes hot, Republican strategist Mary Matalin said of her husband, Democratic political player James Carville, on Saturday at the FPA Experience 2012.